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Biggest wine shortage in 50 years

5:34 PM, Oct 30, 2013   |    comments
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NEW YORK - A global shortage is looming, according to a report from Morgan Stanley research.

The report shows the global supply of wine barely exceeded demand last year.

And a shortage is on the way in the coming years, if we continue drinking at the current pace.

Is there a way to stem the problem?

The biggest hurdle appears to be decreasing production in Europe, which supplies most of the world's wine.

(Copyright © 2013 NBC Universal, All Rights Reserved)

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